5602 Verdura Ave, Lakewood, California 90712, Lakewood, 90712 - 9 bed, 5 bath

5602 Verdura Ave, Lakewood, California 90712 home-pic-0
ACTIVE UNDER CONTRACT$1,850,000
5602 Verdura Ave, Lakewood, California 90712
9Beds
5Baths
3,516Sqft
5,453Lot
Year Built
1952
Close
-
List price
$1.85M
Original List price
$1.85M
Price/Sqft
$526
HOA
-
Days on market
-
Sold On
-
MLS number
PW25241740
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.85M(60th), sqft - 3516(80th), beds - 9(60th), baths - 5(50th).

Discover a beautifully updated income property featuring three total units — perfect for investors or multi-generational living! The front home offers 3 bedrooms and 1 bathroom, newly remodeled with real wood flooring, an open floor plan, and stylish modern finishes. Behind it are two brand new 3-bedroom, 2-bath units, each designed with 9-foot ceilings, laminate and tile flooring, and thoughtfully crafted layouts that maximize space and comfort. All units feature brand new kitchens with quartz countertops, custom cabinetry, and new stainless steel appliances, along with modern bathrooms, recessed lighting, and central heating and air. The new construction units also include spacious walk-in closets for added convenience. Enjoy peace of mind with brand new electrical and plumbing systems throughout. Conveniently located within walking distance to restaurants, grocery stores, and local favorites, this turnkey property offers modern comfort, strong income potential, and a solid 6% cap rate making it an excellent investment opportunity with great returns! Parking for street sweeping is at different times on the same day - see picture or call for details.

Nearby schools

3/10
Captain Raymond Collins School
Public,K-50.7mi
7/10
Twain Elementary School
Public,K-51.5mi
6/10
Hoover Middle School
Public,6-81.2mi
7/10
Bancroft Middle School
Public,6-81.7mi
4/10
Leona Jackson School
Public,4-82.4mi
/10
Buena Vista High School
Public,9-120.1mi
5/10
Lakewood High School
Public,9-122.0mi
5/10
Paramount High School
Public,9-123.1mi

Price History

Date
Event
Price
10/17/25
Listing
$1,850,000
04/04/24
Sold
$575,000
Condition Rating
Excellent

This property features a newly remodeled front unit and two brand new construction units. All units boast brand new kitchens with quartz countertops, custom cabinetry, and new stainless steel appliances, along with modern bathrooms, recessed lighting, and central heating and air. The description explicitly states 'brand new electrical and plumbing systems throughout,' indicating a comprehensive and recent overhaul. The images confirm the high quality, modern finishes, and virtually new condition of all key areas, aligning perfectly with the 'excellent' criteria for extensive recent renovations and new construction.
Pros & Cons

Pros

High Income Potential: The property is a triplex with a solid 6% cap rate, offering strong income potential for investors or flexible multi-generational living arrangements.
Extensive Modern Updates: Features a newly remodeled front home and two brand new construction units, all with modern finishes, new kitchens (quartz countertops, stainless steel appliances), and updated bathrooms.
Brand New Core Systems: Provides peace of mind with brand new electrical and plumbing systems throughout all units, minimizing immediate maintenance concerns.
Modern Comforts & Design: New construction units include desirable features such as 9-foot ceilings, central heating and air, and spacious walk-in closets, enhancing tenant appeal.
Walkable & Convenient Location: Strategically located within walking distance to various restaurants, grocery stores, and local amenities, appealing to tenants seeking convenience.

Cons

Complex Parking Logistics: Street sweeping parking details are noted as complex ('different times on the same day'), which could pose an inconvenience for tenants or owners.
Mixed Construction Ages: The property comprises a 1952 remodeled front unit and two brand new units, potentially leading to differences in structural integrity, insulation, or long-term maintenance needs between units.
Limited Private Outdoor Space: A triplex on a 5,453 sqft lot may result in limited private outdoor space for each unit, which could be a drawback for tenants desiring more personal yard area.

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